China Merchants Port Holdings Co (HKSE:00144) ROCE % : 6.48% (As of Dec. 2023)

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What is China Merchants Port Holdings Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. China Merchants Port Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.48%.

China Merchants Port Holdings Co ROCE % Historical Data

The historical data trend for China Merchants Port Holdings Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Merchants Port Holdings Co ROCE % Chart

China Merchants Port Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.40

6.24

7.98

7.73

6.82

China Merchants Port Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.48	9.11	6.11	7.10	6.48

China Merchants Port Holdings Co ROCE % Calculation

China Merchants Port Holdings Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	10333	/	( ( (172155 - 21002)	+	(172314 - 20369) )	/ 2 )
	=	10333	/	( (151153	+	151945)	/ 2 )
	=	10333	/	151549
	=	6.82 %

China Merchants Port Holdings Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	9878	/	( ( (172882 - 19954)	+	(172314 - 20369) )	/ 2 )
	=	9878	/	( ( 152928	+	151945 )	/ 2 )
	=	9878	/	152436.5
	=	6.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Merchants Port Holdings Co (HKSE:00144) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

China Merchants Port Holdings Co ROCE % Related Terms

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China Merchants Port Holdings Co (HKSE:00144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Merchants Port Holdings Co Ltd (HKSE:00144) » Definitions » ROCE %

Traded in Other Exchanges

CMHHY:USA CMHHF:USA CPM:Germany

Address

168-200 Connaught Road Central, 38th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.cmport.com.hk

China Merchants Port Holdings Co Ltd is a port operator. It has a geographically diversified port network stretching across China's coastline, as well as growing exposure in overseas ports. The company also provides bonded logistic park operation, along with property development through its associates and joint-controlled entities. Its operating segment includes Ports operation and Other operations. The company generates maximum revenue from the Ports operation segment.

China Merchants Port Holdings Co (HKSE:00144) Headlines

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